Serica Energy PLC (LSE:SQZ)
£ 1.523 -0.01 (-0.65%) Market Cap: 595.04 Mil Enterprise Value: 562.88 Mil PE Ratio: 5.64 PB Ratio: 0.91 GF Score: 78/100

Serica Energy PLC Corporate Call Transcript

Oct 04, 2023 / 10:31AM GMT
Release Date Price: £2.23 (-2.70%)
Werner Riding
Peel Hunt LLP - Analyst

Hi, everybody. It's Werner Riding, and I'm here with Mitch flag, CEO of Serica Energy, who has kindly agreed to answer a few questions with us.

Mitch, hi. Thanks for agreeing to speak with us.

Mitch Flegg
Serica Energy plc - CEO and Executive Director

Morning, Werner. Thank you for the opportunity.

Questions & Answers

Werner Riding;Mitch Flegg
Peel Hunt LLP - Analyst

No problem. Okay. Well, should we just jump straight in? In your interim results, you chose to trim this year's production guidance range ever so slightly, with the midpoint coming down by I think it was about just 1,000 barrels of oil equivalent per day, yet the market sold off with the shares, I think they're now down about 10% or more.

I mean, I personally think that's a huge overreaction. And so, I thought I'd start by asking you what I'm missing, if anything? As the outlook in terms of forward work program remains busy. Oil and gas prices are robust.

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